The Home Depot, Inc. $HD Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,106 shares of the home improvement retailer’s stock after selling 1,484 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Home Depot were worth $8,104,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Legend Financial Advisors Inc. purchased a new stake in Home Depot in the second quarter valued at approximately $28,000. Abound Financial LLC purchased a new stake in Home Depot in the first quarter valued at approximately $31,000. Iron Horse Wealth Management LLC boosted its position in Home Depot by 86.8% in the first quarter. Iron Horse Wealth Management LLC now owns 99 shares of the home improvement retailer’s stock valued at $36,000 after buying an additional 46 shares during the last quarter. Global X Japan Co. Ltd. purchased a new stake in Home Depot in the second quarter valued at approximately $40,000. Finally, GFG Capital LLC purchased a new stake in Home Depot in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wolfe Research assumed coverage on Home Depot in a research report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price objective on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $455.00 target price on shares of Home Depot in a research report on Tuesday, August 19th. Mizuho increased their target price on Home Depot from $435.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. reduced their price objective on Home Depot from $460.00 to $452.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Home Depot in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Home Depot presently has an average rating of “Moderate Buy” and a consensus target price of $435.42.

Home Depot Stock Up 0.5%

Shares of HD opened at $386.83 on Friday. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $439.37. The company has a market capitalization of $385.04 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 3.65 and a beta of 1.00. The stock has a fifty day simple moving average of $402.68 and a two-hundred day simple moving average of $379.19. The company has a quick ratio of 0.34, a current ratio of 1.15 and a debt-to-equity ratio of 4.31.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 19th. The home improvement retailer reported $4.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.01). Home Depot had a return on equity of 193.99% and a net margin of 8.86%.The company had revenue of $45.28 billion during the quarter, compared to analyst estimates of $45.43 billion. During the same period last year, the business earned $4.60 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Home Depot has set its FY 2025 guidance at 14.940-14.940 EPS. As a group, equities analysts forecast that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid a $2.30 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.4%. Home Depot’s dividend payout ratio (DPR) is 62.50%.

Insiders Place Their Bets

In other Home Depot news, CFO Richard V. Mcphail sold 3,369 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $403.66, for a total value of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares of the company’s stock, valued at $18,348,365.30. This trade represents a 6.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William D. Bastek sold 2,303 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $423.12, for a total value of $974,445.36. Following the completion of the sale, the executive vice president directly owned 24,235 shares of the company’s stock, valued at $10,254,313.20. This trade represents a 8.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by company insiders.

About Home Depot

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.